your health and wellbeing 2018 u.s. benefits open...
TRANSCRIPT
2018 U.S. Benefits Open Enrollment
GET STARTED
YOUR HEALTH AND WELLBEING
Information for People Leaders
Open Enrollment Timeline
Week of October 2, 2017
Monday, October 16, 2017
Friday, November 3, 2017
Monday, January 1, 2018
Team members will begin receiving Open Enrollment information in the mail
Open Enrollment begins
Open Enrollment ends
New benefit elections take effect*
*Corrections to 2018 benefit elections occur during the month of January.
Dear People Leader,2018 U.S. Benefits Open Enrollment is right around the corner. This year’s enrollment period is October 16 – November 3.
Our appreciation and expectation of your role with team members are high. Team members may come to you with questions, and reviewing this information will help you respond. We do not expect you to be a benefits expert, but we do look for your support in directing team members to take advantage of the many tools and resources available to them.
This is a great opportunity to help team members understand their offerings as well as reinforce the value of Grainger’s comprehensive Total Rewards program.
If you have Open Enrollment questions, please call the Open Enrollment Support Line at 1-877-439-4882 (October 9 – November 3, Monday – Friday, 8 a.m. – 6 p.m. Central Time).
THANK YOU!
2 | GraingerTotalRewards.com 2018 U.S. BENEFITS OPEN ENROLLMENT | OCTOBER 16 – NOVEMBER 3
How We Help Keep Team Members Healthy
There is nothing simple about health care, but Grainger is focused on two basic things: team member health and the cost to them and Grainger – and the two are extremely interrelated.
Grainger’s plans continue to:
• Cover 100% of the cost of preventive medical and dental care
• Cover 100% of the cost preventive prescription drugs on the ACA list under all three medical plans1
• Cover 100% of the cost of ALL preventive prescription drugs under the HSA Gold plan (and a $5 copay under the HSA Silver and POS Platinum plans)
• Offer voluntary benefits at discounted rates
How We Partner to Manage Costs
Despite rising costs, Grainger continues to share in the cost of buying coverage and the cost of health care. In return, we ask team members to share in the responsibility by:
• Enrolling in the right levels of coverage to avoid paying for more than what is needed
• Understanding what is included in their coverage
• Using tools like the medical carrier cost estimators to make smart choices when they are purchasing health care services
• Making lifestyle choices that keep them healthy
PROTECTING TEAM MEMBERS’ FINANCIAL FUTUREGrainger continues to offer benefits that protect the things that are most important to our team members. These programs include:• Long Term Disability protection if a team member
becomes disabled.• Life Insurance to help in the event of unexpected loss.• 401(k) contributions to help build retirement savings.• Health Savings Account (HSA) to help pay for health
expenses now and in the future.
And for each of these programs, participating team members should select a beneficiary in order to make the most of their elections.
1 Under the Affordable Care Act, certain health plans are required to cover recommended preventive services and medications without charging a co-payment, coinsurance or deductible.
3 | GraingerTotalRewards.com 2018 U.S. BENEFITS OPEN ENROLLMENT | OCTOBER 16 – NOVEMBER 3
Encourage Team Members to Do These 4 Things
CONSEQUENCES OF NO ACTIONIf team members do nothing, they will:
• Default to the HSA Silver Plan at the same level of coverage they currently have
(or default to no coverage if they currently have no coverage through Grainger).
• Default to tobacco user status and pay a higher medical premium.
• Have no 2018 HSA or FSA contributions.
• Lose the opportunity to enroll in Critical Illness and MetLaw coverage.
• Lose the opportunity to enroll in Long Term Disability coverage without having
to provide proof of good health (known as EOI).
• Visit GraingerTotalRewards.com. No login required.
• Text GRAINGER to 77453 to opt-in for 2018 Open Enrollment reminders, even if they’ve previously opted-in.
Enroll Online 24/7www.ybr.com/graingerLogin required.
Enroll by Phone Grainger Benefits Service Center• 1-847-535-HR4U (4748)
inside a Grainger facility
• 1-888-477-3781outside a Grainger facility Select Option 3
Monday – Friday7 a.m. – 5 p.m. Central Time
For help deciding which medical plan is best:
• Use the Medical Choice Tool on GraingerTotalRewards.com.
• Call the Open Enrollment Support Line at 1-877-439-4882 Monday – Friday 8 a.m. – 6 p.m. Central Time
• Check their first 2018 pay statement to verify that deductions are accurate.*
• Call their medical carrier if they changed plans and did not get a new ID card.
• Verify new dependent eligibility.
ENROLL
NOW OCTOBER 16 – NOVEMBER 3NOW JANUARY
CONFIRMLEARN1 3EXPLORE2 4
Note: New team members hired in the last quarter of the year will need to enroll once for 2017 and again for 2018 benefits coverage.
* If they need to make corrections, they must call the Grainger Benefits Service Center at 1-847-535-HR4U (4748) inside a Grainger facility or 1-888-477-3781 outside a Grainger facility by January 31, 2018. Elections remain active until December 31, 2018, unless they have a qualified life event.
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2018 Benefit ChangesBelow is an overview of what’s changing in 2018. More details about these and other changes can be found on GraingerTotalRewards.com.
Benefit plan rates • Rate changes – Team members may experience rate
increases for medical, dental, vision and Long Term Disability plans. Visit GraingerTotalRewards.com/2018Costs for more information.
Medical1 • POS Platinum Plan – The specialist visit copay will
increase to $50 (�$25), and the emergency room copay will increase to $150 per visit (�$50).
• HSA Silver Plan – The annual deductible will increase to $1,750 for individual coverage (�$250) and $3,500 for family coverage (�$500). The out-of-pocket maximum will increase to $4,000 for individual coverage (�$1,000) and $7,350 for family coverage (�$2,000). And preventive maintenance generic prescriptions will be available for a $5 copay, with no deductible.
Health Savings Account (HSA) • Contribution changes – If a team member elects the
HSA Silver of Gold plan, he/she may contribute up to $3,450 (�$50) for individual coverage or $6,900 (�$150) for family coverage. These amounts include Grainger’s contribution if you enroll in the HSA Gold plan ($500 for individual, $750 for individual + spouse/domestic partner or child(ren) and $1,000 for Family coverage).
• Catch-up contribution – If you are age 55 or older, you may make an additional $1,000 catch-up contribution (same as in 2017).
Vision • Deluxe Vision Plan – Increased frame allowance of
$175 (�$25) and eligible for examination, lenses and frames every 12 months (increase from frame allowance every 24 months in 2017).
Long Term Disability • No proof of good health – During Open Enrollment, team
members have a special opportunity to enroll in Long Term Disability for 2018 without providing proof of good health (referred to as Evidence of Insurability or EOI). This means that if a team member was denied coverage in the past, they can now enroll without completing EOI.
• Age-banded rates – Starting in 2018, rates will change from a single rate (also known as composite) to rates based on team member age (also known as age-banded).
Voluntary benefit programs2
Especially helpful for team members selecting the HSA Gold or Silver medical plans
• Group Hospital Indemnity Insurance provides a lump-sum payment to help cover unexpected expenses that result from a hospitalization for up to 31 days of a related stay.
• Group Accident Insurance provides a flat amount to help manage out-of-pocket expenses when dealing with accidents. These are for over 150 covered conditions associated with an accident, including injuries, hospitalization, medical services and treatments.
Medicare-eligible Retiree Benefit • OneExchange – Medicare-eligible retirees and their
Medicare-eligible dependents (age 65 and older) will now enroll for individual coverage through OneExchange. This will provide greater choice at more affordable costs.
• Cost Sharing – Grainger will continue to share in the cost of post-65 retiree health coverage for eligible full-time team members (hired before 1/1/2013), but it will be through a Health Reimbursement Arrangement (HRA).
Note: Part-time team members working 20-29 hours per week are not eligible for dental, long term disability, life insurance or the retiree health benefit.1 The HSA Silver and Gold plans do not apply to team members in Hawaii (Kaiser), Puerto Rico (Triple-S) or Guam (SelectCare).2 MetLife benefits are not offered to team members in Guam.
5 | GraingerTotalRewards.com 2018 U.S. BENEFITS OPEN ENROLLMENT | OCTOBER 16 – NOVEMBER 3
Open Enrollment Support Line1-877-439-4882 Monday – Friday 8 a.m. – 6 p.m. Central Time
Grainger Total Rewards WebsiteGraingerTotalRewards.com
Grainger Benefits Service Center1-847-535-HR4U (4748) from inside a Grainger facility1-888-477-3781 outside a Grainger facilitySelect Option 3Monday – Friday7 a.m. – 5 p.m. Central Time
Grainger Total Rewards [email protected]
AVAILABLE YEAR-ROUND
Grainger’s Comprehensive Family of Voluntary OfferingsGrainger’s voluntary benefits1 offer an added level of financial security for team members. The first step in choosing the right benefits is understanding the importance of each option. Your participation is strictly voluntary, and you pay 100% of the cost of these programs.
Get Answers to Your Questions
OCTOBER 9 – NOVEMBER 3, 2017
VOLUNTARY BENEFITS AND RESOURCES
Group Hospital Indemnity InsuranceReceive a lump-sum payment to help cover unexpected expenses that result from a hospitalization for up to 31 days of a related stay.
Group Accident InsuranceA flat amount is paid to help manage out-of-pocket expenses when dealing with accidents. These are for over 150 covered conditions associated with an accident, including injuries, hospitalization, medical services and treatments.
Critical Illness InsuranceReceive a lump-sum payment to help cover everyday living expenses or medical costs resulting from conditions such as a heart attack, stroke, cancer and more.
MetLaw Group Legal InsuranceFor a low monthly cost, gain unlimited access to legal services through a network of attorneys for issues related to wills, real estate matters, traffic offenses, adoptions and more.
Commuter BenefitsSave up to $255 pre-tax for transit and parking expenses.
Nationwide® Pet InsuranceFrom wellness care to significant incidents, Pet Insurance protects a pet’s health from nose to tail, including ear infections, cancer, diabetes, accidents and more.
Group Auto & Home InsuranceWhen team members insure their, boat, motorcycle or house, they can enjoy the convenience of payroll deductions as well as special team member discounts.
1 MetLife benefits are not offered to team members in Guam.
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The information contained in this document is intended to summarize the benefits provided to you by W. W. Grainger, Inc. (Grainger). Every effort has been made to ensure the information in this document is accurate. Information in this document is intended to provide only a brief summary of your benefits and should not be relied upon as a definitive description of coverage. The formal legal plan documents and your summary plan descriptions contain additional details. If any of this information conflicts with the legal plan documents, the legal plan documents' provisions will prevail. Nothing in this document constitutes a contract for, or guarantee of, any level of compensation or benefits or continued or future employment with Grainger. Grainger reserves the right to amend and/or terminate any of its plans at any time in its sole discretion.
VOLUNTARY BENEFITS AND RESOURCES